Payment

Starting now, Airbnb users have the ability to split payments with their fellow travelers. Before now, one traveler was forced to front the cost of the trip and hope that their friends/colleagues/family were responsible enough to pay them back in a timely fashion.

Gift cards can work wonders for businesses. Unfortunately, many small businesses do not have a gift card system setup despite all of the excellent benefits. Here are a few reasons why gift cards are great…

The latest test of the University of Sydney’s Red Belly Blockchain shows it can process financial transactions 50% faster than first anticipated, outperforming market leaders – including VISA – for worldwide payments.

Seventy-five percent of online shoppers said they rarely or never buy groceries online, according to the survey of nearly 8,600 adults from Aug. 12 to Sept. 1. Even among frequent online shoppers who make internet purchases at least weekly, almost 60 percent said they never buy groceries online or do so just a few times a year, according to the poll.

You don’t have to look far to notice that one of the biggest changes in how we pay for things is the explosion of “tap-and-go” payments. Whether it’s for a round of drinks or groceries, Australians are more likely to pay for something by waving a plastic card near a terminal than people anywhere else in the world.

Digital innovation is at the forefront of every business. New developments in technology affect how we communicate, learn, travel, shop, and pay everyday. It’s important to understand how new technologies improve your business and how you can leverage them to be even more successful!

Your propensity to spend, particularly on small and non-essential items, could be upwards of 40-50 per cent higher if you favour cashless payment methods rather than old-fashioned notes and coins, according to Sydney University professor of marketing and behavioral psychology Donnel Briley.

After a year in Australia, ANZ Visa debit customers with a Galaxy S8, S8+ phone (or the Gear S3 smartwatch) can now use Samsung Pay. And there’s a whole lot of other new banks and credit unions that can finally use the service, too.